Dunelm Group plc (DNLM) Receives Average Rating of “Hold” from Brokerages
Shares of Dunelm Group plc (LON:DNLM) have received an average recommendation of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 705.64 ($9.31).
A number of brokerages have recently weighed in on DNLM. Deutsche Bank AG lowered their price target on Dunelm Group plc from GBX 730 ($9.63) to GBX 665 ($8.78) and set a “hold” rating on the stock in a report on Monday, July 10th. Canaccord Genuity lowered their price target on Dunelm Group plc from GBX 798 ($10.53) to GBX 752 ($9.92) and set a “buy” rating on the stock in a report on Monday, July 10th. Jefferies Group LLC reiterated an “underperform” rating and set a GBX 515 ($6.80) price target on shares of Dunelm Group plc in a report on Wednesday, September 20th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 800 ($10.56) price target on shares of Dunelm Group plc in a report on Thursday, September 28th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 760 ($10.03) price target on shares of Dunelm Group plc in a report on Thursday, September 14th.
The company also recently disclosed a dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, November 2nd will be given a dividend of GBX 19.50 ($0.26) per share. This is a boost from Dunelm Group plc’s previous dividend of $6.50. The ex-dividend date is Thursday, November 2nd. This represents a yield of 3%.
In related news, insider Keith Down sold 8,000 shares of Dunelm Group plc stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of GBX 647 ($8.54), for a total transaction of £51,760 ($68,302.98).
About Dunelm Group plc
Dunelm Group plc is a United Kingdom-based company, which operates in the homewares market. The Company operates through the retail of homewares in the United Kingdom segment. The Company specializes in soft furnishings and other homeware. The Company also owns Dorma brand. The Company is a homewares retailer, which provides a range of products to its customer base, under the brand name Dunelm.
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